How fast can one achieve Crypto millionaire status with meme coin?

[gabbie2010]

Truly a meme investor can become a millionaire within a short period of time, however the task of choosing as well as screening out the potential meme coins out of the numerous meme coins in the market is a big herculean task of course there are also plenty scam meme coins also in the market too, there are also many meme coins advertisement on twitter each promising multiple profits when invested in them, of course there is going to be few of those meme coins that would trend and become successful in the future I believe a thorough research and further digging would help to unveil them

[irhact]

I need your opinion here, how fast can one achieve a millionaire status with meme coin? Asking because, after my analysis of the profit ratio of the likes of Shiba Inu, Pepe, Bonk etc, I am also on the look out for good meme coins to try out. The recent one I found and still considering is Dogwifhat WIF recently listed on Bitget, Raydium and other cex probably or what do you all think? Can we truly become Millionaires with meme coins?

I missed buying $Bonk when it was newly launched as I was thinking it won't become popular but it's now listed on Binance and other top exchanges. If I bought just $500 worth when it was launched, I would had being a millionaire by now so it's very easy to become a millionaire in memecoins but how to know which memecoins will become the next hyped memecoins that's where there's challenges. Investing in memecoins and winning is as investing in altcoins and winning but memecoins have more risk.

You can achieve the crypto millionaire status from investing in memecoins in weeks or months if the memecoin that you invested in wasn't popular but it later becomes popular and listed on top exchanges, some individuals have done it but they were very lucky. Many individuals have lost chasing after the next memecoins as we have many scammers launching new meme projects as they know alot of investors are interested.

[Altcoiner007]

I need your opinion here, how fast can one achieve a millionaire status with meme coin? Asking because, after my analysis of the profit ratio of the likes of Shiba Inu, Pepe, Bonk etc, I am also on the look out for good meme coins to try out. The recent one I found and still considering is Dogwifhat WIF recently listed on Bitget, Raydium and other cex probably or what do you all think? Can we truly become Millionaires with meme coins?

I missed buying $Bonk when it was newly launched as I was thinking it won't become popular but it's now listed on Binance and other top exchanges. If I bought just $500 worth when it was launched, I would had being a millionaire by now so it's very easy to become a millionaire in memecoins but how to know which memecoins will become the next hyped memecoins that's where there's challenges. Investing in memecoins and winning is as investing in altcoins and winning but memecoins have more risk.

You can achieve the crypto millionaire status from investing in memecoins in weeks or months if the memecoin that you invested in wasn't popular but it later becomes popular and listed on top exchanges, some individuals have done it but they were very lucky. Many individuals have lost chasing after the next memecoins as we have many scammers launching new meme projects as they know alot of investors are interested.

$BONK is another good story of a successful meme coin. I actually followed it but forgot to buy only to recall when it was already trending. Infact I love to bag any meme coin of my Interest on Exchanges like Bitget or Jupitar as they list some of them earlier before it skyrockets into Binance. If you're waiting to buy on Binance, I feel it's already late.

[DeathAngel]

You can get rich by buying memecoins, lots of people do but more people don’t get rich buying them than do. I made a post in a very similar thread not long back.

The chances of discovering a memecoin early enough so that investing in it can change your life is low, really low. Normally you only become aware of a successful one when it has pumped so hard that it is trending on social media or talked about in crypto circles. By that time most of the parabolic price action has already happened & you are just potential liquidity for the developers & backers to dump on. You would have to be extremely lucky to find a memecoin that does really well & invest before it explodes upwards, giving you enough time to sell & get rich.

[oktana]

~~~

Checked out SHIB all time low price and did the math, $11 won’t give millions. It’ll give over $1.5m though but not “millions”. Still a huge amount but let’s not exaggerate it.

OP, meme coins can make you rich, just like SHIB and the rest has done, but know that they can make you really poor too. Meme coins are very volatile and depend on hype. If the meme coin is well hyped then you will make money from it, if the hype isn’t strong, your loss. Strongly consider this first.

I appreciate your research effort and the effort to do the math. I'm glad you realized that $11 could make for an investors a little above 1.5M. No exaggeration but you see it for yourself. The thing is, Seeing the potential, one could afford to invest more at certain time. Have you checked out WIF I mentioned in my post. I bought a little on Bitget  but was thinking to do more. Let me have your quick input.

The $WIF price looks good for a meme coin, however, I’ll suggest you invest with only the amount you can afford to lose because nothing is certain. You can invest a lot hoping it’ll be another SHIB but it turns out wrong. The total supply looks a lot though. I’m looking at data from coingecko and it seems it could be wrong because it claims that all 998M tokens is in circulation?  Anyways, understand the extra risks associated with memecoins in general and just make wise investments.

[wheelz1200]

Interestingly, Meme coins are becoming more and more popular with significant indicators of the bull market. They're a cool type of cryptocurrency that combines internet memes inspired by popular memes and cultural trends. With the advanced technology like the Solana blockchain, these coins brings people together who are excited about and hold such tokens. While Meme coins are very risky, investors are excited to throw in their funds and if you ask them, they'll tell you that individuals who invest in meme coins before they become popular, it is possible for them to become wealthy or at least earn some money.

I read an analysis of Shiba Inu (SHIB) coin, which was launched in 2020. It was clear that purchasing $11.87 worth of SHIB at that time, an investor could have become a millionaire only one year and three months later because of its significant price increase. I need your opinion here, how fast can one achieve a millionaire status with meme coin? Asking because, after my analysis of the profit ratio of the likes of Shiba Inu, Pepe, Bonk etc, I am also on the look out for good meme coins to try out. The recent one I found and still considering is Dogwifhat WIF recently listed on Bitget, Raydium and other cex probably or what do you all think? Can we truly become Millionaires with meme coins?

That's like trying to buy beanie babies after they already had theor run and now they are cheap again.  They took off in 2020 because that was the fad then.  Most times history on fads don't repeat.  Amd then second there are now 9 zillion of these things most of which are all useless scams.  Let's just say more millions will be made than lost this go around.

[johnsaributua]

It is a fact that the first time meme coin gave a fragrant image when doge flew millions of % by the hard work of investors, initially there were those who fomo, bought large amounts and gave their positive views on doge, and the positive trend on meme coin continued, and continued with other memencoins on different networks, meme coin in each chain proves that meme coin universally or randomly has a good chance and shows the existence that investors also need meme coin for dayli trading or whenever investors want.

Investment depends on capital, even though it is cheap, of course multiplying with fluctuating coin prices will be seen, if you want to make hundreds, thousands or even millions of dollars by bringing 10X or more capital is certainly needed more if you want to get lighter, maybe take profit a few percent of the capital.

How much profit is taken is valuable to me even though each person's trading style is different, the important thing is to know the risk of an investment.

[poodle63]

That's like trying to buy beanie babies after they already had theor run and now they are cheap again.  They took off in 2020 because that was the fad then.  Most times history on fads don't repeat.  Amd then second there are now 9 zillion of these things most of which are all useless scams.  Let's just say more millions will be made than lost this go around.

the classic cycle of meme coin, being created at first for the dev to accumulate, then some random whale suddenly pumps it, people interested in it then the price sky rocket, then suddenly price dumps because the devs and the whales are dumping their coin making people as an exit liquidity, its always like this but people aren't getting tired being tricked as such anyway, so many people still trying so hard to be that one lucky guy that happened to buy at the very earliest by random encounter.
but honestly considering as you said there are simply too much of such coin, I don't think random encounter of good meme could be happening as frequently, we can be investing in 1000 meme coin and all of them just gonna flop, since there are still millions of them left uninvested which might or might not be having good market capital in the future.

[LogitechMouse]

~
I need your opinion here, how fast can one achieve a millionaire status with meme coin? Asking because, after my analysis of the profit ratio of the likes of Shiba Inu, Pepe, Bonk etc, I am also on the look out for good meme coins to try out. The recent one I found and still considering is Dogwifhat WIF recently listed on Bitget, Raydium and other cex probably or what do you all think? Can we truly become Millionaires with meme coins?

It depends. It can happen in a day. It can also happen in a month or a year, or it might not happen to you as an investor.

The lower the market cap of that meme coin is, the higher the upside therefore the higher the profits that you can get, but that's very risky, and you might lose anything. Can you imagine yourself investing $100,000 or even a million dollars to a meme coin that's relatively new to the market, and has a higher chance of it being abandoned? No, unless you're that rich already, but if you're an average investor, you will not do that.

Getting a million-dollar profit with meme coins isn't impossible, but what are the chances of it happening? What are the chances of you investing into a meme coin that early, and after a few weeks, it pumped up so high? Very low to nearly zero percent, and aside from that, you need to risk it all, and luck must be on your side as well.

[Iamcrypticguy]

~~~

Checked out SHIB all time low price and did the math, $11 won’t give millions. It’ll give over $1.5m though but not “millions”. Still a huge amount but let’s not exaggerate it.

OP, meme coins can make you rich, just like SHIB and the rest has done, but know that they can make you really poor too. Meme coins are very volatile and depend on hype. If the meme coin is well hyped then you will make money from it, if the hype isn’t strong, your loss. Strongly consider this first.

I appreciate your research effort and the effort to do the math. I'm glad you realized that $11 could make for an investors a little above 1.5M. No exaggeration but you see it for yourself. The thing is, Seeing the potential, one could afford to invest more at certain time. Have you checked out WIF I mentioned in my post. I bought a little on Bitget  but was thinking to do more. Let me have your quick input.

The $WIF price looks good for a meme coin, however, I’ll suggest you invest with only the amount you can afford to lose because nothing is certain. You can invest a lot hoping it’ll be another SHIB but it turns out wrong. The total supply looks a lot though. I’m looking at data from coingecko and it seems it could be wrong because it claims that all 998M tokens is in circulation?  Anyways, understand the extra risks associated with memecoins in general and just make wise investments.

No lies, WIF looks good. I just checked the charts rn, maybe I'll DCA in or look for an entry and hope I get lucky haha

[NewRanger]

Maybe not anymore, because every day almost 2 to three types of coins are listed, for example on Bitget or others. If the pure pump is carried out by the owner many times, it is possible that if we hope that the market will of course continue to fall. Whatever type we choose, there is only one thing that needs to be paid attention to, namely that a good trader with a structured trading plan will always set a stop loss for secure funds if a downturn occurs at any time.

[konflikkastil]

Investing in meme coins can  yield significant returns, as demonstrated by the success of Shiba Inu and others. However, it's crucial to approach these investments with caution. The meme coin market is highly volatile and speculative, making it inherently risky. The rapid gains seen in some meme coins are often accompanied by substantial risks of equally quick losses.
Becoming a millionaire with meme coins depends on various factors, including the timing of entry, market conditions, and the specific coin's popularity. Historical successes like Shiba Inu highlight the potential for substantial returns, but they don't guarantee future outcomes.
Dogwifhat WIF, like any other meme coin, carries inherent risks. It's vital to conduct thorough research, considering the project's fundamentals, team, community support, and market trends. Diversifying your investments and being prepared for potential losses are key strategies in the highly dynamic meme coin market.
While meme coins can offer lucrative opportunities, they are not a guaranteed path to wealth, and investors should exercise diligence and caution in navigating this volatile space.

[oktana]

No lies, WIF looks good. I just checked the charts rn, maybe I'll DCA in or look for an entry and hope I get lucky haha

It’s not all about the price. The background of the coin is what determines if it’s all temporary or it’s something that could have its name last forever.

Maybe not anymore, because every day almost 2 to three types of coins are listed, for example on Bitget or others. If the pure pump is carried out by the owner many times, it is possible that if we hope that the market will of course continue to fall. Whatever type we choose, there is only one thing that needs to be paid attention to, namely that a good trader with a structured trading plan will always set a stop loss for secure funds if a downturn occurs at any time.

It’s still possible. Yes, many projects are being created daily, however, the sky is still open for projects to scale. It may be more difficult to find a project that will make you millions but it’s still possible.

[Sophokles]

No lies, WIF looks good. I just checked the charts rn, maybe I'll DCA in or look for an entry and hope I get lucky haha

It’s not all about the price. The background of the coin is what determines if it’s all temporary or it’s something that could have its name last forever.

Maybe not anymore, because every day almost 2 to three types of coins are listed, for example on Bitget or others. If the pure pump is carried out by the owner many times, it is possible that if we hope that the market will of course continue to fall. Whatever type we choose, there is only one thing that needs to be paid attention to, namely that a good trader with a structured trading plan will always set a stop loss for secure funds if a downturn occurs at any time.

It’s still possible. Yes, many projects are being created daily, however, the sky is still open for projects to scale. It may be more difficult to find a project that will make you millions but it’s still possible.

Yeah now there will be too many project in the market that will be listed in some dex with a small FDV to attract risk-takers who will invest in those projects because of the low FDV value. But at the end it will end up costing more money because most of these new project tokens are kept in reserve by the team itself. Most of these projects don't have more than 1000 unique investors when their trading volume is massive compared to the number of holders. A very ingenious way to put a shade in investors eyes.

[cryptoknightt]

but out of 100 or even a thousand meme coins not more than 10 coins will do well like that, it's not like you buy a meme coin worth 10$ and next year the price will go up very high like you said, not all meme coins will fare well like shiba and doge.

[CryptoHeadlineNews]

I can see that the meme coin "WIF" really do have the potential of doing far better due to its low market cap of 998 millions, but other meme coins which I see to do well better (i.e base on how much increase it has got within the past 1yr) and has the potential of going 100x to 1000x within the next 2 to 3yrs also include "Pepe, Bonk and Floki" as both "Pepe & Bonk" already has a proven record of haven gone 1000x, and likely to do so again and again.

         

[bastian466]

We could all become millionaires, but if God hasn't given us it won't happen, but we as humans can only try. I keep trying to analyze new coins from various trending categories, but I still don't have the strong confidence to jump straight in as an early investor in new coins, I prefer the top altcoins to avoid that doubt

[Mpamaegbu]

I read an analysis of Shiba Inu (SHIB) coin, which was launched in 2020. It was clear that purchasing $11.87 worth of SHIB at that time, an investor could have become a millionaire only one year and three months later because of its significant price increase. I need your opinion here, how fast can one achieve a millionaire status with meme coin?

The thing with Memes is that there's always that element of not knowing when it will cast and disappear with the wind. Otherwise, memes are a sure way of flipping small capital. The $11.8 investment in Shib that turned millions is achievable but that will be with those who got in early and refused to sell off too early. I'm not sure there are those who kept that long, except they momentarily forgot they once bought and then had to quickly rush to sell off.

In 2021 when memes got on the trend, there was a memetoken (Moonrat or Safemoon, I can't remember again) that I invested less than $100 that turned >$5,000 but greed set in and I was hoping it would hit at least $10k. But of course, we know how these things end. I lost a better part of that profit before I sold off in regret and moved on. I learned a valuable lesson from that.

[redwine49]

It is interesting to read how many people read and comment on this tread. i see alot of viewpoint how people response about memecoin.
however i wanna share my simple though about how to read memecoin season.
Just to take a look at dogecoin performance
https://coinmarketcap.com/currencies/dogecoin/
So we can see the big picture about meme

[Bitstar_coin]

If you know what you are doing - not a very long to be a crypto millionaire. If you have been following the solana meme season you would see that bonkcoin managed to make some people millionaire for being such strong supporters and beliers of the project. Most people who got the bonk airdrop sold early but the few who hold got rewarded.
Another memcoin on sol is wif, this memecoin also made lots of investors rich if not millionaires too. The point is, once you are able to identify a good memecoin to hold and ride it to the top, you will happy with your decission.